August 13, 2019
RegTech in 10: Managing regulatory change for cybersecurity
A 10-minute chat with leading cybersecurity lawyer Dr Alexander Duisberg on how to avoid costly cybersecurity mistakes.
Cybercrime is rising rapidly, takes more time to resolve and costs the financial services industry US$18 billion annually. The average cost of cybercrime for financial institutions increased US$1.4 million to US$13.0 million in the past year, according to a recent Accenture report.
The financial toll is set to escalate even further, with Germany’s stringent new regulation looming large on the horizon, which imposes GDPR-like fines for non-compliance.
Listen to this 10-minute chat with leading cybersecurity lawyer Dr Alexander Duisberg and regulatory technology expert David Noble, and get answers to these questions:
– How are financial services institutions coping with the growing number and complexity of global cybersecurity regulations?
– Are banks ready for the new German cybersecurity legislation, and is it likely to have broader impact across Europe – or indeed the rest of the world?
– What should you be doing to monitor regulatory change more effectively and assess its impact on your business?